FD Interest Rates – What You Need to Know

Banks set FD rates based on RBI policy, liquidity, and competition. Rates vary by tenure, depositor type (general vs senior citizen), and cumulative vs payout FD.

General vs Senior Citizen Rates

Senior citizens usually get 0.25% to 0.50% extra. Use our FD calculator with the applicable rate.

Getting the Best Rate

Compare rates across banks for your tenure, check compounding (usually quarterly), and ensure DICGC coverage. Use our FD calculator and read best FD tenure.